PredictiveAnalytics Archives - Best Business Investment

How AI is Revolutionizing Sales Forecasting

June 25, 2024June 25, 2024 Glenn Knox

Some mental processes are impossible to duplicate on computers: certain types of sales-forecasting, for example, need a rich and detailed train of thought. AI has the ability to identify patterns and correlations from handling big data to boost the probabilistic nature of sales forecasting, predictive analytics, leads scoring, customer retention and customer loyalty. Accurate Predictions Algorithms powered by data analytics unearth hidden, multi-layered correlations, enabling businesses to sharpen short-term forecasts, optimise sales strategies, maximise growth and consistently increase profitability. For the sake of your bakery business, AI can help you…

Sales Forecasting – Strategies for Accurate Predictions

March 5, 2024March 5, 2024 Glenn Knox

Sales Forecasting can bring great value to any business. It allows you to identify issues related to team quota attainment or pipeline coverage; plan marketing efforts and budget accordingly for the future; or just plan marketing strategies and budget for marketing efforts and budget. Create an accurate sales forecast requires more than simply studying historical sales data. There are other internal and external factors which must also be taken into consideration. Historical sales data provides a solid basis for projecting future revenues. It gives an estimation of how many units…